GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-)

[NuShrike]

ANyone else having issues withdrawing from the cloud? The past few weeks have been horrible with account locks, withdraw issues etc... I don't know if they are short on BTC or what... But my last 4 withdraw requests were put on hold for "approval"..

Try smaller pulls? Chunk them ...

edit: ya, not working right now for a tiny pull.

[redtocatta]

Just made 4 withdrawals few hours ago, but when I tried for another one, it didn't work.
Now hashtalk is down!

[Phildo]

Do you think GAW is going to have any legal trouble with this sceme? Seeing that even CRYPTSY has some trouble with the law, for just running a perfectly honest exchange, I'm afraid gaw is going to be raided one day.

They might if it's really a scam, but don't let that give you any confidence. Pirate, BFL, Neo and bee, hashfast all had some trouble with the law, but it didn't stop everyone else from getting fucked over.

This is new stuff and the legal system moves slow. The law might protect you, but you'll be much better off by not giving your money away to scammers.

[xephyr]

Just made 4 withdrawals few hours ago, but when I tried for another one, it didn't work.
Now hashtalk is down!

Same here. I think a lot of Primes are being sold today and they are short on btc.

[suchmoon]

Do you think GAW is going to have any legal trouble with this sceme? Seeing that even CRYPTSY has some trouble with the law, for just running a perfectly honest exchange, I'm afraid gaw is going to be raided one day.

They might if it's really a scam, but don't let that give you any confidence. Pirate, BFL, Neo and bee, hashfast all had some trouble with the law, but it didn't stop everyone else from getting fucked over.

This is new stuff and the legal system moves slow. The law might protect you, but you'll be much better off by not giving your money away to scammers.

The problem with GAW or LTC Gear or other "clouds" vs e.g. Cryptsy is that you don't need to keep a lot of money at Cryptsy to be able to use their services unless you're daytrading or something. With a cloud you sink your whole investment upfront and hope to get it back one day. That's not to say that Cryptsy should be held to lower standards or anything, just that if it goes down an average user is almost guaranteed to lose more money at a cloud service as opposed to an exchange or a mining pool etc.

And yeah, law is not much help in any case. Although hashfast is still selling off assets and BFL could probably too, maybe something will come out of it?

[suchmoon]

ANyone else having issues withdrawing from the cloud? The past few weeks have been horrible with account locks, withdraw issues etc... I don't know if they are short on BTC or what... But my last 4 withdraw requests were put on hold for "approval".. The latest not being approved for over 2 days... I just want my money out because I have no idea when cloud will be down or when they will deny access to my own money.

Waiting over 2 days for my own money is just rediculous... I've made a ticket, posted in forum and everything.. Of course the forum is down again... Just like everything lately... But good god.. Just give me my money!!!!

If they have these issues when they roll out to the masses they will be fucked... Normal people don't put up with these sub par performance and money issues they have..

The longer they make me wait for my own money and keep having "payout" and withdraw issues makes me think this is ponzi more and more...

It should be interesting to see if the rumored Monday announcement will indeed involve Amazon. Selling hashlets on Amazon is quite a bit different than doing same on your own site, I think anyone who's ever dealt with Amazon marketplace could agree there is no chance in hell this would last more than a couple of weeks with the current level of service. "Order defect rate" goes above 1% and you're out.

Getting "Unable to process transaction at this time" trying to withdraw.

[Honeycutt22]

Agreed. If they have this level of service any company with a reputation will give them the boot real fast. Nothing they do works properly and now they seem to have money liquidation issues.

[coinGeek]

...

Seriously though, ZenPool is the only pool at Zen that is mildly interesting. The others are just imitations of other pools, so I'm not sure there is any real value in tracking their payouts.

...

I hear you.

All the products are really just part of ZenPool. The ones with similar names to real pools are indexed to real pools, but only for now. In reality the funding all comes from the same place. If they can't renegotiate above market rate contracts to support ZenPool all the other fake pools could be in danger too.

Right now GAW is playing chicken with negative payouts. I don't see them getting away with sending bills for service fees that exceed earnings. They can lower fees across the board, but can they afford it? Or they can just pay out $0 and essentially admit that products they hyped just a few months ago are already worthless.

 

[coinGeek]

Wooh! They just added hashpoint pool. https://cloud.zenminer.com/rates

Paying 17 hash points (per MHs per day I guess). Can anyone explain to me why I would want to point my primes at that?

[suchmoon]

Wooh! They just added hashpoint pool. https://cloud.zenminer.com/rates

Paying 17 hash points (per MHs per day I guess). Can anyone explain to me why I would want to point my primes at that?

I'm a bit confused. 0.17 / 350 = 0.00048571, which is a lot more than ZenPool payout in BTC. And there are no maintenance fees. Or are the fees included in the 17 HP so that when they take 0.08  USB out it will equal ZenPool? Don't you love it how they add stuff with no explanation, so now I have to sift through HT garbage dump to figure this out.

Edit: nope, if I take the fee out it's (0.17-0.08) / 350 = 0.00025714, which is a lot LESS than ZenPool.

But to answer your question:

Here the only positive I can figure out at this time - this is a great opportunity for someone who believes that ZenPool negotiations will succeed and that HashBase will change the world and that HashPoints is this new GAW cryptocurrency they've been hinting at.

[coinGeek]

Wooh! They just added hashpoint pool. https://cloud.zenminer.com/rates

Paying 17 hash points (per MHs per day I guess). Can anyone explain to me why I would want to point my primes at that?

I'm a bit confused. 0.17 / 350 = 0.00048571, which is a lot more than ZenPool payout in BTC. And there are no maintenance fees. Or are the fees included in the 17 HP so that when they take 0.08  USB out it will equal ZenPool? Don't you love it how they add stuff with no explanation, so now I have to sift through HT garbage dump to figure this out.

But to answer your question:

Here the only positive I can figure out at this time - this is a great opportunity for someone who believes that ZenPool negotiations will succeed and that HashBase will change the world and that HashPoints is this new GAW cryptocurrency they've been hinting at.

I'm very confused. If there's no way to cash out hashpoints and no product for sale that can mine them...  

All it sounds like to me is that they are saying is "we have no cash left but: if you have a prime you have the option of taking fake payments" (that you can't ever got out of zen).


Most likely there is a long announcement coming that will explain how great this is. I'm predicting a new kind of "hashPointHashlet" to mine them. Maybe the hashlet brand is a thing or the past and they will come out with a new name that isn't tainted with failure.

[suchmoon]

Wooh! They just added hashpoint pool. https://cloud.zenminer.com/rates

Paying 17 hash points (per MHs per day I guess). Can anyone explain to me why I would want to point my primes at that?

I'm a bit confused. 0.17 / 350 = 0.00048571, which is a lot more than ZenPool payout in BTC. And there are no maintenance fees. Or are the fees included in the 17 HP so that when they take 0.08  USB out it will equal ZenPool? Don't you love it how they add stuff with no explanation, so now I have to sift through HT garbage dump to figure this out.

But to answer your question:

Here the only positive I can figure out at this time - this is a great opportunity for someone who believes that ZenPool negotiations will succeed and that HashBase will change the world and that HashPoints is this new GAW cryptocurrency they've been hinting at.

I'm very confused. If there's no way to cash out hashpoints and no product for sale that can mine them...  

All it sounds like to me is that they are saying is "we have no cash left but: if you have a prime you have the option of taking fake payments" (that you can't ever got out of zen).


Most likely there is a long announcement coming that will explain how great this is. I'm predicting a new kind of "hashPointHashlet" to mine them. Maybe the hashlet brand is a thing or the past and they will come out with a new name that isn't tainted with failure.

Isn't ZenHashlet supposed to be able to mine HP? I don't have any so I can't try. And technically you can still buy Primes, I think one of the resellers was selling it just yesterday, and of course there is the Market.

As for cashing out, buy Genesis at retail price, dump it, and hope withdrawals work. As long as Genesis market price is above ~$5 I think this favors HashPoint pool over ZenPool (I might be wrong here, had a few math-hindering beverages).

Edit: oops, a slight problem with that plan. You CAN'T buy any hashlets through ZenCloud using HP anymore. Brilliant move. No way to spend it.


Edited 2020-11-28 to fix a broken image[/size

[coinGeek]

...

Isn't ZenHashlet supposed to be able to mine HP? I don't have any so I can't try. And technically you can still buy Primes, I think one of the resellers was selling it just yesterday, and of course there is the Market.

As for cashing out, buy Genesis at retail price, dump it, and hope withdrawals work. As long as Genesis market price is above ~$5 I think this favors HashPoint pool over ZenPool (I might be wrong here, had a few math-hindering beverages).

I'm not mathing well myself at this point, but I look forward to a sober evaluation.  

Edit: What! you can't buy hashlets with hashpoints? mutter mutter... good night.

[suchmoon]

HOLD:

https://hashtalk.org/topic/14085/hash-pool-update/177

GAW_CEO
Global Moderator
Industry Innovator

Since all HashPoints can be converted to HashCoins pretty soon. Which can then be used at stores or converted in to btc, this makes for one heck of a payout

Edit: here is a better link, all rumors in one place:

https://hashtalk.org/topic/14101/hashcoin-speculation-thread

[timux]

Just made 4 withdrawals few hours ago, but when I tried for another one, it didn't work.
Now hashtalk is down!

Same here. I think a lot of Primes are being sold today and they are short on btc.

I have been following this discussion and hashtalk (occasionally). Last week I made decision to sell all "early adoper primes", take money and find something else. I cant see how GAW business model is sustainable and it starts to resemble more and more like pyramid (not the great giza one)..

Yea, I made good profit of selling. Bought about 15$ (discount codes), sold median of 40$. + Everything mined from the beginning. That sure is sick ROI.

[knowhow]

atleast multi haslets now can start be profitable because we will be able to change the pool to hash but we wont get payment there to cashout we will be geeting income to spend on gaw....this sounds bad as we should be able to cashout as others pools.... and i dont know well but looks we have to set all miners into 1 pool at once we should be able to set our miners at various pools i mean i could stand with prime on zen and multi at hash soo i wont be with any investment frozen.... GAW is time to make something besides those hash pool without fees..... soo you may reconsider to change some things..... lets profit ,anyone now can join here great free speed.....and now all can start make money without invest soo all new free users with income will be able to buy a prime later doesnt know how many time will cost and anyway they will see money in soo for sure all will wanna get in and invest some money ,at hash pool atleast i suppose we can grow our power of mining faster but we should be able to buy the haslets at zenpool since the price is better much better then gaw sells them 2 dollars expensive soo we will see how those pool will move as users... we all wanna ROI soo if haspool wont allow us to cashout will be harder i mean we will have to buy more haslets no prime for sale at gaw i dont know if we can buy primes for zenpool otherwise we will be wasting time and more time soo better keep btc income till ROI then move to hash to grow number of miners without being prime.....

[alienesb]

And the only place you can find information, hashshit.org is once again down! What a joke.

[alienesb]

This Hashcoin thing is kind of scary and so is the fact that people are willing to "mine" for something they can't do anything with right now! You are putting an awful lot of faith in GAW for this and it has to be putting a lot of people at that tipping point of selling. Primes are down to about $38 already and it seems like a good time to get out. If it blows up later, you can always try to buy back in but controlling the mining, the coin and the market place seems like it's set up to fail.

[tins]

These MultiHashlets are making me go into a negative balance.
I thought Josh said he would guarantee that we couldn't go negative with Hashlets? How are the maintenance fees higher than the payouts?
 

[coinGeek]

These MultiHashlets are making me go into a negative balance.
I thought Josh said he would guarantee that we couldn't go negative with Hashlets? How are the maintenance fees higher than the payouts?
 

Are you really seeing a negative balance? Multi rates are below fees but GAW seems to be adjusting payout up to exactly match fees so payout is $0. At least that's what's happening for me.